Verity Names Michael D. Mooney Vice President of Business Development
Industry Veteran Brings Seasoned Business Development and Sales Management Experience to Leading Knowledge Retrieval Company
SUNNYVALE, Calif. - 2000-02-29 - Verity, Inc. (Nasdaq: VRTY), a leading provider of enterprise and Internet knowledge retrieval solutions, today named Michael D. Mooney to the position of vice president of business development. Mooney, who has extensive experience in strategic partnership and sales management, assumes worldwide responsibility for identifying and developing strategic relationships with high-value partners. Mooney reports to Anthony J. Bettencourt, president of Verity.
"With Mike's strong background in building and managing high value relationships in the enterprise and Internet arenas, he is an excellent complement to our world-class management team," said Bettencourt. "We are delighted that Mike is at the helm of Verity's growing business development endeavors."
Mooney has over 14 years of experience in sales management and partnership experience in the areas of enterprise and Internet software. Prior to joining Verity, he served as vice president of North American sales for Adaptive Media, a leading provider of visual collaborative commerce software and services, where he successfully started and expanded North American operations. Before that, Mooney was vice president of western operations for Versant Corporation (NASDAQ: VSNT). During his tenure at Versant, he was recognized as a key contributor in establishing the company as the leading provider of object-oriented database technology with dominance in the telecommunications market, resulting in the company's successful IPO. Mooney has also held a variety of sales and sales management positions at both Alantec and Rockwell CMC.
"The market for e-commerce and corporate portal solutions is undergoing explosive growth, and I am very pleased to be part of Verity's accomplished management team," said Mooney. "The company has done a phenomenal job in architecting products that provide compelling knowledge retrieval solutions and taking a leadership position in this market."
About Verity
Verity is a leading provider of knowledge retrieval solutions. Verity's product suite powers corporate portals, e-commerce sites, online publishing and media sites, customer care applications, and products from market-leading OEMs and ISVs. Verity solutions simplify the management and use of information by indexing, classifying, organizing, searching and retrieving data, as well as providing personalized information delivery and hybrid online and CD publishing.
Verity's products are used by more than 1,000 corporations, e-commerce sites, government agencies, on-line service providers, Internet publishers and software developers worldwide. Verity alliances include Adobe Systems, AT&T, CDNOW, CNET, Cisco, Compaq, Dow Jones, Easy Software, EarthWeb, Ernst & Young, Financial Times, Globe and Mail, IBM, MD Consult, NewsEdge Corporation, Informix, Lotus, NEC, SAP, Siemens, Snap.com, Sybase, Tandem and Time New Media.
This press release contains forward-looking statements relating to management's efforts to achieve improved operations and results. If Company management is unable to manage effectively the Company's operations, identify opportunities in a timely fashion, achieve timely product development, and effectively evaluate and manage the Company's business and competitive position, the Company's results of operations and financial condition will be materially and adversely affected. Other risks relating to the Company are as set forth in the Company's Form 10-K and Form 10-Q's as filed with the Securities and Exchange Commission.
For more information, contact Verity at info@verity.com or at World Wide Web site http://www.verity.com or call 408-541-1500.
Verity and the Verity logo are registered trademarks or trademarks of Verity, Inc.
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